| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | NAVI | Common Stock | 174K | Oct 11, 2024 | Direct | F1, F2, F3 | |||||
| holding | NAVI | Common Stock | 13.6K | Oct 11, 2024 | By 401(k) |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | NAVI | Phantom Stock Units | Oct 11, 2024 | Common Stock | 795 | $0.00 | Direct | F4 |
| Id | Content |
|---|---|
| F1 | The reporting person's common stock balance includes grants of restricted stock units (RSUs) and performance stock units (PSUs) under the Navient Corporation 2014 Omnibus Incentive Plan and under the Navient Corporation 2024 Omnibus Incentive Plan, which are classified as "Common Stock," as permitted, since the awards will be settled solely by delivery of shares of Navient common stock. 9,118 RSUs granted in 2022 have or will vest in one-third increments on the first, second and third anniversary of the grant date (February 4, 2022). 5,946 RSUs granted in 2023 have or will vest in one-third increments on the first, second and third anniversary of the grant date (February 6, 2023). 12,507 RSUs granted in 2024 will vest in one-third increments on the first, second and third anniversary of the grant date (February 9, 2024). An additional 7,697 RSUs granted in 2024 will vest in one-third increments on the first, second and third anniversary of the grant date (May 23, 2024). |
| F2 | 10,030 PSUs granted in 2022 will vest and be settled at a specified percentage of the target award based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2024. The performance conditions shall be those approved by the Compensation Committee (the "Committee") in connection with the Company's 2022 Long-Term Incentive Program and are set forth in the form of PSU award agreement applicable to the performance period. 6,147 PSUs granted in 2023 will vest and be settled at a specified percentage of the target award based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2025. The performance conditions to be used shall be those approved by the Committee in connection with the Company's 2023 Long-Term Incentive Program and are set forth in the form of PSU award agreement applicable to the performance period. |
| F3 | 14,741 PSUs granted in 2024 will vest and be settled at a specified percentage of the target award based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2026. The performance conditions to be used shall be those approved by the Committee in connection with the Company's 2024 Long-Term Incentive Program and are set forth in the form of PSU award agreement applicable to the performance period. Each vested PSU will be settled in shares of the Company's common stock. Dividend equivalent rights issued on RSUs are included in the reporting person's common stock holding balance. |
| F4 | Each share of phantom stock is the economic equivalent of one share of Navient common stock. The shares of phantom stock will be settled in cash or shares of Navient common stock based on the reporting person's deferral and distribution elections in the Navient Corporation Supplemental 401(k) Savings Plan and the Navient Corporation Deferred Compensation Plan for Key Employees. |
Exhibit 24 - Power of Attorney